SEC Commissioner Hester Peirce criticized the SEC for failing to clarify how it applies the "Howey Test" for determining whether a digital asset constitutes a security in an initial coin offering.

ISDA advised firms on how to prepare for the implementation of initial margin "Phase Five."

The U.S. House Committee on Financial Services created a Task Force on Financial Technology and a Task Force on Artificial Intelligence.

House Financial Services Committee Chair Maxine Waters (D-CA) asked the Federal Reserve Board and FDIC for more time to review the proposed merger of BB&T Corporation with SunTrust Banks, Inc.

The U.S. House Committee on Financial Services elected Representative Michael San Nicolas (D-GU) as Vice Chair.